GOLD – USD DOLLAR ANALYSIS and Trading Signals

In today’s Asian trading session, gold prices remained under pressure, trading below the $2,300 mark. This comes after a week of significant losses fueled by fears of sustained high U.S. interest rates ahead of the Federal Reserve meeting and key inflation data...

AUSTRALIAN DOLLAR – DOLLAR ANALYSIS and Trading Signals

During Asian trading hours, the Australian Dollar gained ground against the US Dollar, trading above the 0.6500 level. This movement reflects investor confidence in the Australian currency amidst a lack of market-moving data from both Australia and the United States....

DOLLAR – JAPANESE YEN ANALYSIS and Trading Signals

In the Asian trading session, the US Dollar appreciated against the Japanese Yen, trading above the 157.000 level. Market Context: Earlier today, Japan released its Q1 2024 GDP data, which aligned with market expectations. The absence of significant economic data...

POUND – US DOLLAR ANALYSIS and Trading Signals

In the Asian trading session, the British Pound held steady against the US Dollar, trading around the 1.2700 level. Market Context: The UK is not set to release any significant economic data today, contributing to a calm trading environment for the GBP/USD pair....

EURO – DOLLAR ANALYSIS and Trading Signals

In the Asian trading session, the euro traded lower against the US Dollar, hovering below the 1.0760 level. Market Context: The Eurozone is not scheduled to release any significant economic data today. Similarly, the United States has no major economic reports...

Monday 10th June 2024: Technical Outlook and Review

DXY (US Dollar Index): Potential Direction: Bearish  Overall momentum of the chart: Bearish Price could potentially make a bearish reaction off pivot and drop to 1st support. Pivot: 105.57  Supporting reasons: Identified as an overlap resistance, coinciding...

Euro Remains Steady Amid ECB Rate Cut

The euro maintained a narrow trading range on Thursday after the European Central Bank (ECB) announced a rate cut, moving from record highs. The market had anticipated the ECB's decision for months, resulting in minimal reaction as the news was already priced in. The...

Precious Metals Firm Converts Florida Hangar into Silver Mint to Tap US Market

MKS PAMP Group, a renowned precious metals company with refineries in Switzerland and India, has transformed a leased aviation hangar in Florida into a silver mint. This strategic move aims to capitalize on the robust investment demand in North America, the company...

Bitcoin (BTC) Forms Critical Pattern: Is the Rally Over?

Bitcoin recently soared past the $70,000 mark, marking a significant milestone. However, traders should be cautious as a potentially bearish double top pattern is emerging around the $71,900 level. A double top pattern is typically seen as a bearish reversal signal,...

U.S. Regulators Launch Antitrust Inquiries into Microsoft, OpenAI, and Nvidia

The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) have reached an agreement to initiate antitrust investigations into the prominent roles that Microsoft (NASDAQ: MSFT), OpenAI, and Nvidia (NASDAQ: NVDA) play in the artificial intelligence...

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